DoubleLine Opportunistic Credit Fund (NYSE:DBL) Shares Pass Above 50 Day Moving Average – Should You Sell?

DoubleLine Opportunistic Credit Fund (NYSE:DBL) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $15.48 and traded as high as $15.62. DoubleLine Opportunistic Credit Fund shares last traded at $15.54, with a volume of 101,784 shares changing hands.

DoubleLine Opportunistic Credit Fund Stock Performance

The business’s 50-day simple moving average is $15.48 and its two-hundred day simple moving average is $15.60.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.32 annualized dividend and a dividend yield of 8.49%.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several large investors have recently added to or reduced their stakes in DBL. International Assets Investment Management LLC boosted its position in shares of DoubleLine Opportunistic Credit Fund by 1,518.2% in the third quarter. International Assets Investment Management LLC now owns 2,298,915 shares of the investment management company’s stock worth $36,369,000 after buying an additional 2,156,851 shares during the period. Evergreen Capital Management LLC lifted its position in DoubleLine Opportunistic Credit Fund by 26.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 427,304 shares of the investment management company’s stock worth $6,563,000 after acquiring an additional 89,314 shares in the last quarter. Intellectus Partners LLC lifted its position in DoubleLine Opportunistic Credit Fund by 29.6% during the 3rd quarter. Intellectus Partners LLC now owns 235,971 shares of the investment management company’s stock worth $3,733,000 after acquiring an additional 53,959 shares in the last quarter. Twelve Points Wealth Management LLC grew its position in DoubleLine Opportunistic Credit Fund by 14.9% in the third quarter. Twelve Points Wealth Management LLC now owns 292,701 shares of the investment management company’s stock valued at $4,631,000 after acquiring an additional 37,986 shares in the last quarter. Finally, Kavar Capital Partners Group LLC acquired a new stake in DoubleLine Opportunistic Credit Fund in the third quarter valued at approximately $181,000.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S.